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Shiba Inu Ecosystem Token Bone Jumps 10% as Developers Take Key Security Step

Shiba Inu (SHIB) ecosystem token bone (BONE) rose some 10% in the past 24 hours to log one of the higher gains among otherwise tepid crypto markets. BONE exchanged hands at 90 cents in Asian morning hours on Wednesday. The tokens have a market capitalization of $233 million. Trader sentiment was likely buoyed as developers said the deployer contract for bone tokens was fully renounced – which boosted its security. In crypto circles, renouncing a smart contract means that the contract's creator will no longer have control over it – giving investors a sense of security as the contract can no longer be changed or updated, and is hence saved from possible manipulation by the contract creator.

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